NEO Energy acquires full equity in Western Isles FPSO for Buchan field redevelopment

World Oil Staff November 19, 2023

(WO) — Dana Petroleum and NEO Energy have announced the signing of a sale and purchase agreement under which NEO Energy will acquire Dana’s full equity in the Western Isles FPSO.

NEO Energy intends to redeploy the FPSO at the Buchan field redevelopment. The transaction remains subject to the satisfaction of certain conditions including final investment decision and regulatory approval of the Buchan redevelopment.

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